Accounts Payable Automation (APA) In India - Sharedocs Enterprise
The accounts payable (AP) department can be a vulnerability for businesses of all sizes. Manual processes for invoice processing are not only time-consuming and error-prone, but they also create an environment susceptible to fraud. Here's where Accounts Payable Automation (APA) with integrated Artificial Intelligence (AI) can revolutionize your AP operations. The Perils of Paper-Based Processes Traditional paper-based invoice processing involves manual data entry, chasing paper trails, and potential human error. This slows down payment cycles, increases processing costs, and exposes your business to the risk of fraudulent invoices. AI-Powered Automation: A Smarter Approach AI-based invoice data extraction offers a powerful solution for streamlining your AP workflow. Here's how it works: Effortless Data Capture: Invoices, even those in semi-structured formats, are scanned and uploaded into the system. AI automatically extracts key data points...